Lagos High Court rejects Bharti appeal

28 October 2012

Lagos High Court rejects Bharti appeal

Econet Wireless Nigeria (EWN) was founded as a subsidiary of Econet Wireless Group, and successfully bid for a mobile telecoms license in Nigeria in 2001.

In 2003, a series of improper decisions were taken by the Nigerian members of EWN, which resulted in the cancellation of Econet Wireless Limited’s (EWL) shares in EWN, the deletion of its name from the shareholders register, and a change of name from EWN to Vee Mobile Networks.

On 24 January 2012, the Federal High Court of Nigeria found in favour of EWL, on all counts in its legal case. The Honourable Mr. Justice Schauib ruled that EWL’s shareholding in the company must be reinstated, that the name of the company (now Bharti Airtel Nigeria) should be reversed back to EWN, and that all decisions in which EWL was entitled to participate in as a shareholder, but was prevented from doing so, are null and void.

Breaking News: 24 February 2014-Nigerian court of appeal releases judgement in Econet Wireless vs BhartiCase - click here


Press statement: 29 October 2012 - Lagos High Court rejects Bharti appeal in written judgement - click here